EUR/USD continues to drift this week, content to stick close to the 1.06 line. There are no eurozone releases today, so I expect the euro to continue treading in place for the remainder of the Read more…
Hyperinflation technically occurs when the monthly inflation rate is 50% or higher. Canva What Is Hyperinflation? Hyperinflation is the rapid and untrollable acceleration of prices over a period. Economists tend to focus on a nation’s Read more…
The disgraced former king of cryptocurrencies will answer a series of criminal and civil charges linked to the fall of his empire. The investigation into the bankruptcy of Sam Bankman-Fried’s cryptocurrency empire is ramping up. Read more…
The GBP/JPY has struggled to find any significant support following the Bank of Japan’s decision to change its yield curve policy, a move which many believe heralds the start of the end of its extra-ordinary Read more…
Federal legalization is still unlikely even as more markets open at the state level. The cannabis industry had a challenging year in 2022, but there is promise in the year ahead. The good times were rolling Read more…
The 30-year-old former trader faces a series of criminal and civil charges in the bankruptcy of his crypto empire. This is a huge blow for Sam Bankman-Fried, the fallen co-founder of FTX, the bankrupt cryptocurrency Read more…
Stock futures muted as investors aim for Santa Claus rally; Bankman-Fried allies plead guilty to aid Feds; Under Armour taps new CEO; Micron announces layoffs; Zelenskyy to Congress: ‘Your money is not charity: It’s an Read more…
WTI oil futures (February delivery) have been trending lower since mid-June when the price got rejected at the 121.00 region. Furthermore, in the last few daily sessions, the commodity plummeted to a fresh one-year low of 70.30 Read more…
EURGBP drew bulls‘ attention after setting a nice foothold around the 0.8700 key constraining zone, with the price accelerating to a new five-week high of 0.8790 early on Thursday. Additional gains are likely as the momentum Read more…
The last couple of US inflation readings came in well below expectations, showing a dramatic acceleration to the downside in the inflation rate. In fact, inflation for November was recorded as lower than in January. Read more…